£634,559
This estimated value is based upon the latest sale price for the house of £136,000 on 4 Aug 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £136,000 | 4 Aug 1998 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in August 1998 the House Price Index for TYNE AND WEAR was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 366.588%.Applying this 366.588% change to the original purchase price of £136,000 results in an estimated price of approximately £634,559.
| 4 Aug 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.6 | 366.588 % | £136,000 | £498,559 | £634,559 |
The Postcode Pricing Model uses changes in average sales price within the SR2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 106.763 % | £145,197 | £281,197 |
| 3 Month Average | 128.179 % | £174,323 | £310,323 |
| 6 Month Average | 134.039 % | £182,293 | £318,293 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Feb 2023 | £74,950 | £75,000 | APARTMENT 5 STANFIELD HOUSE GRAY ROAD |
| 9 Sep 2022 | £54,559 | £55,000 | APARTMENT 15 ST. MICHAELS, 10 GRAY ROAD |
| 18 Aug 2022 | £84,722 | £84,950 | APARTMENT 7 STANFIELD HOUSE GRAY ROAD |
| 27 Jul 2022 | £41,361 | £41,250 | APARTMENT 5 ST. MICHAELS, 10 GRAY ROAD |
| 24 Jun 2022 | £71,003 | £70,000 | APARTMENT 2 STANFIELD HOUSE GRAY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Ashburne Court | |
| Jan 2024 | Anti-social behaviour | On or near Ashburne Court | |
| Jan 2024 | Anti-social behaviour | On or near Ashburne Court | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mowbray Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mowbray Close |